US sanctions Chinese firm for hacking firewalls in ransomware attacks; $10 million reward for information
The U.S. Treasury Department has sanctioned Chinese cybersecurity company Sichuan Silence and one of its employees for their involvement in a series of Ragnarok ransomware attacks targeting U.S. critical infrastructure companies and many other victims worldwide in April 2020. BleepingComputer reports: According to the Department’s Office of Foreign Assets Control (OFAC), Sichuan Silence is a […]

Should regulators do more naming and shaming?
The U.K. Information Commissioner’s Office did an interesting two-year trial and the results suggest that publicly reprimanding public sector entities over breaches and data leaks is an effective strategy — even without any monetary penalties. Infosecurity Magazine reports: The publication of reprimands following data leaks has been cited as an “effective” deterrent for public authorities. […]